Hut 8 to acquire 960 MicroBT miners from TAAL

Canadian mining company Hut 8 Mining has signed an agreement with TAAL to host and acquire 960 Whatsminer M31S+ miners from MicroBT. This is stated in a press release.

The bitcoin mining equipment is operated in Medicine Hat, Alberta, Canada. The deal will increase Hut 8’s hashrate by 81 PH/s, to 2.62 EH/s.

The agreement takes effect on 1 May.

As of 31 December, the firm’s hashrate stood at 2 EH/s.

Earlier, Arcane Research forecasted growth in hash rate share and in bitcoins on the balance sheets of U.S. and Canadian publicly listed mining companies.

Earlier, in 2021, Canadian Hut 8 Mining mined 2,786 BTC and increased revenue by 327%, to CAD 173.8 million.

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